Listing ID: 73357
Private Members Only 9 hole golf course with clubhouse restaurant and bar and maintenance shop. Pride in ownership, this family business has been very well maintained by the current owner/operator. A staple in the community for years, you will find the who’s who dining in the clubhouse or hitting the links. Perfect for an owner/operator that is a golf enthusiast or just wants to be involved in the community. Alternate options could be to develop the property residential and use the clubhouse as an amenity. The sale includes the business, which does over $350K annually and the property which consists of 65.140 acres.
- Asking Price: $700,000
- Cash Flow: N/A
- Gross Revenue: $375,000
- EBITDA: N/A
- FF&E: $120,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 1971
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:6,411
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
9 Hole Private Golf Course on 65.14 acres, Private Dining, Special events facility with bar, Maintenance shop, Cart storage. Property also has a single family home attached with the sale.
Owner will provide on-site training to incoming owners who utilize the property as a private golf club.
Owner is retiring
Very little competition in the Golf community and the only Private Golf Club in the surrounding region.
Great opportunity to increase the Private Dining and Special events components of the business.
The business was established in 1971, making the business 51 years old.
The deal does include inventory valued at $10,000, which is included in the asking price.
The company has 8 employees and resides in a building with estimated square footage of 6,411 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. However, the true factor vs the one they say to you might be 2 totally different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competition, current reduction in revenues, or a variety of various other factors. This is why it is really important that you not depend entirely on a vendor's word, yet rather, make use of the vendor's solution combined with your total due diligence. This will repaint a much more practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that earnings margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new customers? Many times, companies have repeat customers, which create the core of their everyday revenues. Particular elements such as new competitors growing up around the area, roadway building, and also personnel turn over can influence repeat consumers and also negatively affect future earnings. One crucial point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the opportunity to build a returning client base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? How might the local typical home income influence future earnings potential?